Foreigner starting a business
If you wantr to open a business in Pattaya is easy when you consider all the steps that need to be taken, in order to open a new business.
When a foreigner starting a business in Thailand, he asks if the steps to make it, are different from other countries, but the truth is that, when you have documented all the steps necessary and done things correctly, you will notice that there is no other difference.
The advantage of this country is that it offers you a wide range of business sectors, all you have to do is to engage with passion in all the actions you will start.
As a foreigner, above all, the main thing is to get used to the basic business regulations and the principle of the law, offered by Thailand. Just think that you will open your new business in your own country, then everything will be very normal and easy for you.
It is not wrong to ask for business advice to other people, you will definitely get help when you consider you need it, that’s why we are here to help you.
Complete the form to enquire about Registering a Thai Company in Pattaya
When a foreigner starting a business, he must consider that at some point obstacles can occur, which is normal and natural, so always, it is good to get on with a backup plan.
Do not forget that in the end, your potential and effort will be rewarded, which is why you have to go on the road with a lot of optimism and patience.
Set up the company by a foreigner, had never been so easy, because, over time, Thailand had been constructively confronted with business ideas from outside, that’s why the country always supports the potential of a new partner.
First of all, you must know that when you are interested in opening a new company, there are some registration fees that you will have to pay.
Private companies are usually governed by Civil and Commercial Code, and must always have at least 7 shareholders, while the public company will be governed by the lay of Public Companies, with shareholders holding a minimum of 12.
There are also few rules that define the set up a company by a foreigner, and how it carries out its activities in Thailand.
In some areas of activity, your company must own 51% of the Thai property, while in some cases all businesses may be registered on behalf of non-Thai residents.
Those documents to open a company, and all those forms that you have to submit to the government must be completed in the Thai language, which may be an obstacle for you.
The moment a company opens by a foreigner, you need to follow some very important steps to complete the registration process.
We tell you all this because most citizens are always asking how they can open a company by a foreigner.
When you started your new company registration, you should know it will take some time, and the first step you have to do is to book a company name.
Below, you will find some documents to open a company, which you need to prepare.
-The first thing is the articles of association.
-Then, Memorandum of Association
-The list of all shareholders and the application form
-New director form signed by each director
-Declaration of Business Operation form
-The company’s reserved name
-Details of the offices and branches of your business
-In a bank account, you have to pay 25% of the initial investment capital, this being done before the business is registered.
Also, do not forget the stamp you will need, acting as a signature for document certification.
These detailed documents to open a company are doing some of them.
Also do not forget that as I said above, all this will be in Thai, so do not hesitate to call us if you encounter problems.
When a foreigner starting a business in Thailand, it is necessary to know that some business is not allowed by them, because competition on the local labor market could be very high.
Set up a company by a foreigner is available in the same way that these steps would work in the country of origin, a few options that can shape your future company.
1. A Registered Ordinary or Limited Partnership
Under this form, one of the partners will have limited liability, while the other partner, the foreigner, will have unlimited liability.
2. Branch Office.
This form is usually recommended and very popular among large companies.
3. Limited Company
To the question of how to open a company by a foreigner adds the following, being about the owner of the shareholder or ‘Nominee Shareholder’, this term meaning that they are just shareholders with the name, but they have no financial interest to the deal.